Solution:
Suppose The income of a person is $12,000 and amount spent on family expenditure , fare,and outing are 6,000 and 1,000 and $ 500 respectively.So, Ratio of income and money spent can be represented on a bar, which helps in observing as well as predicting the solution easily.
Now, coming to rate problem If the two quantities are proportional suppose Speed of a person in different interval of time is given ,and we represent these distances on a bar Diagram, we can easily calculate as well as predict the solution of these kind of problems.
So,ratio and rate are actually the same thing ,that is they gives a fixed value when two quantities are in comparison ,and when plotted on a bar diagram helps in determining as well as predicting the solution of the problem.